Evergreen Wealth Management LLC Buys 106 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Evergreen Wealth Management LLC grew its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 5.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,170 shares of the specialty retailer’s stock after purchasing an additional 106 shares during the quarter. Evergreen Wealth Management LLC’s holdings in Ulta Beauty were worth $944,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Sunbelt Securities Inc. grew its position in Ulta Beauty by 118.4% during the 3rd quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 45 shares during the last quarter. Westside Investment Management Inc. lifted its stake in shares of Ulta Beauty by 151.5% in the 3rd quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock valued at $32,000 after purchasing an additional 50 shares during the period. Future Financial Wealth Managment LLC acquired a new position in Ulta Beauty during the fourth quarter worth $43,000. Ameliora Wealth Management Ltd. acquired a new position in Ulta Beauty during the fourth quarter worth $43,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in Ulta Beauty during the third quarter worth $41,000. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Trading Up 1.3 %

Shares of ULTA opened at $365.14 on Monday. The firm has a market cap of $16.93 billion, a PE ratio of 14.61, a price-to-earnings-growth ratio of 0.96 and a beta of 1.28. The company’s 50 day simple moving average is $414.59 and its 200-day simple moving average is $386.29. Ulta Beauty, Inc. has a 12-month low of $318.17 and a 12-month high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.45 by $0.69. The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period last year, the firm posted $5.07 earnings per share. As a group, equities research analysts forecast that Ulta Beauty, Inc. will post 23.96 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ULTA has been the subject of a number of research reports. Oppenheimer upped their target price on shares of Ulta Beauty from $505.00 to $515.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Citigroup increased their target price on shares of Ulta Beauty from $450.00 to $457.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Barclays increased their price target on shares of Ulta Beauty from $410.00 to $445.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 9th. UBS Group increased their price target on shares of Ulta Beauty from $470.00 to $490.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Finally, DA Davidson increased their price target on shares of Ulta Beauty from $435.00 to $510.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $459.22.

Ulta Beauty Profile

Ulta Beauty, Inc operates as a specialty beauty retailer in the United States. The company offers branded and private label beauty products, including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools through its Ulta Beauty stores, shop-in-shops, Ulta.com website, and its mobile applications.